59394 Summer RdSlidellLA70461
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Slidell at 59394 Summer Rd, Slidell, LA, 70461 uses $74,554 cash to close to unlock $1,268/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $1,499/mo, and a $1,101/mo payment keeps the spread at $106/mo. Purchase price stands at $224,900, and rental yield measures 8% with $1,499/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 111.98% and total cumulative return in cash records $83,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,499/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 2000
6,080 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70461, Slidell, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,007 (100%) |
| Owner Occupied HU | 9,970 (71.2%) |
| Renter Occupied HU | 2,897 (20.7%) |
| Vacant Housing Units | 1,140 ( 8.1%) |
| Median Home Value | $277,803 |
| Average Home Value | $314,708 |
Housing Distribution
Address Breakdown
Residential
13,478
Single Family
12,464
Multi-Family
1,014
Businesses
579
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Listed by: Kristie Tousinau • Distinctive Real Estate
Mls Name: GSREIN
Mls Provider:
Mls ID: #2473571
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